Jushen Logistics Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	82.48	149.23	180.8	236.03	317.81	323.28
Cash & Short-Term Investments	82.48	149.23	180.8	236.03	317.81	323.28
Cash Growth	-14.16%	-17.46%	-23.40%	-25.73%	-1.69%	308.15%
Accounts Receivable	399.5	355.4	138.53	93.57	93.68	103.29
Other Receivables	47.43	32.5	16.98	20.4	22.94	17.62
Receivables	446.93	387.9	155.51	113.98	116.62	120.91
Inventory	44.32	30.3	6.67	21.39	34.35	61.99
Prepaid Expenses	-	-	-	-	0.01	-
Other Current Assets	87.61	90.94	35.36	18.2	16.28	20.2
Total Current Assets	661.34	658.37	378.34	389.6	485.07	526.37
Property, Plant & Equipment	915.45	760.21	715.37	513.01	534.2	300.94
Goodwill	0.18	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	213.11	213.35	218.93	180.74	115.93	119.24
Long-Term Accounts Receivable	-	-	14.07	14.57	15.25	-
Long-Term Deferred Tax Assets	9.05	10.28	5.56	5.63	2.55	1.16
Long-Term Deferred Charges	131.34	132.85	140.18	149.35	86.73	73.98
Other Long-Term Assets	145.59	258.19	0.63	33.49	21.54	5.64
Total Assets	2,076	2,033	1,473	1,287	1,261	1,028
Accounts Payable	109.97	162.09	102.27	35.32	97.29	30.4
Accrued Expenses	12.89	33.42	18.56	15.22	12.32	9.79
Short-Term Debt	256.62	157.36	119.02	154.43	170.47	91.29
Current Portion of Long-Term Debt	88.17	39.56	17.78	6.59	-	-
Current Portion of Leases	-	54.06	15.41	12.09	6.65	3.84
Current Income Taxes Payable	28.78	17.55	10.38	8.52	6.44	5.12
Current Unearned Revenue	53.17	41.75	27.28	19.51	13.15	7.13
Other Current Liabilities	84.64	87.42	54.88	18.95	20.51	9.22
Total Current Liabilities	634.26	593.21	365.58	270.64	326.84	156.78
Long-Term Debt	321.22	457.75	151.69	122.27	83.31	-
Long-Term Leases	123.72	136.53	191.11	155.01	155.44	138.09
Long-Term Unearned Revenue	4.71	4.79	-	-	-	-
Long-Term Deferred Tax Liabilities	0.06	0.05	0.01	-	0.01	0.15
Total Liabilities	1,231	1,192	708.39	547.91	565.6	295.02
Common Stock	166.69	166.69	128.8	128.8	128.8	128.8
Additional Paid-In Capital	371.64	371.64	405.98	405.98	405.98	405.98
Retained Earnings	325.67	316.86	244.38	200.7	158.48	196.17
Treasury Stock	-9.47	-9.47	-30.48	-	-	-
Comprehensive Income & Other	3.98	3.87	3.53	3.18	2.61	1.56
Total Common Equity	858.51	849.59	752.21	738.66	695.87	732.5
Minority Interest	-13.25	-8.5	12.65	-	-	-
Shareholders' Equity	845.25	841.1	764.87	738.66	695.87	732.5
Total Liabilities & Equity	2,076	2,033	1,473	1,287	1,261	1,028
Total Debt	789.73	845.25	495.01	450.38	415.88	233.21
Net Cash (Debt)	-707.26	-696.02	-314.21	-214.35	-98.07	90.07
Net Cash Per Share	-4.17	-4.23	-1.93	-1.27	-0.58	0.58
Filing Date Shares Outstanding	176.11	165.2	164.19	164.19	167.44	167.44
Total Common Shares Outstanding	176.11	165.2	164.19	167.44	167.44	167.44
Working Capital	27.08	65.16	12.75	118.96	158.23	369.59
Book Value Per Share	4.87	5.14	4.58	4.41	4.16	4.37
Tangible Book Value	645.22	636.06	533.09	557.73	579.76	613.08
Tangible Book Value Per Share	3.66	3.85	3.25	3.33	3.46	3.66
Buildings	-	364.04	332.6	259.81	133.97	16.6
Machinery	-	393.04	287.89	164.12	114.79	87.69
Construction In Progress	-	41.25	18.13	19.7	197.55	88.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.